New York State Teachers Retirement System Purchases New Position in Huron Consulting Group Inc. (NASDAQ:HURN)

New York State Teachers Retirement System purchased a new stake in Huron Consulting Group Inc. (NASDAQ:HURN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,706 shares of the business services provider’s stock, valued at approximately $175,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HURN. Comerica Bank purchased a new stake in Huron Consulting Group during the 3rd quarter worth approximately $35,000. International Assets Investment Management LLC purchased a new stake in Huron Consulting Group during the 4th quarter worth approximately $42,000. Point72 Asset Management L.P. purchased a new stake in Huron Consulting Group during the 2nd quarter worth approximately $35,000. Money Concepts Capital Corp purchased a new stake in Huron Consulting Group during the 4th quarter worth approximately $56,000. Finally, Assetmark Inc. increased its stake in Huron Consulting Group by 28.6% during the 3rd quarter. Assetmark Inc. now owns 1,098 shares of the business services provider’s stock worth $114,000 after buying an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Insider Activity at Huron Consulting Group

In related news, EVP Ernest W. Jr. Torain sold 650 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $100.00, for a total value of $65,000.00. Following the transaction, the executive vice president now directly owns 15,050 shares in the company, valued at $1,505,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO C. Mark Hussey sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $104.48, for a total value of $417,920.00. Following the transaction, the chief executive officer now directly owns 98,286 shares in the company, valued at $10,268,921.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ernest W. Jr. Torain sold 650 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $100.00, for a total value of $65,000.00. Following the completion of the transaction, the executive vice president now owns 15,050 shares in the company, valued at $1,505,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,080 shares of company stock worth $4,146,076. Insiders own 2.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. StockNews.com lowered Huron Consulting Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Barrington Research boosted their price objective on Huron Consulting Group from $128.00 to $133.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th.

Huron Consulting Group Price Performance

HURN stock opened at $92.32 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 1.32. The business has a 50 day simple moving average of $97.81 and a 200-day simple moving average of $101.10. The firm has a market capitalization of $1.71 billion, a PE ratio of 28.85 and a beta of 0.58. Huron Consulting Group Inc. has a 1 year low of $70.66 and a 1 year high of $113.31.

Huron Consulting Group (NASDAQ:HURN) last posted its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. The business had revenue of $339.23 million during the quarter, compared to analyst estimates of $341.71 million. Huron Consulting Group had a return on equity of 17.77% and a net margin of 4.47%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 earnings per share. Equities research analysts anticipate that Huron Consulting Group Inc. will post 5.64 earnings per share for the current fiscal year.

About Huron Consulting Group

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.